Global Energy Development PLC announced that the Company and HKN Inc. amended the secured bridge financing note agreement with Everest Hill Group Ltd. on 13 October 2016 to extend the maturity date thirty days from 15 October 2016 to 15 November 2016. The Amended Note Receivable continues to be subject to an interest charge of 12% per annum, payable monthly in arrears and also continues to be secured by all of Everest's and its subsidiaries' holdings of Global and HKN securities.